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  • 1.  CMA Exam Support Package 2020

    Posted 06-01-2020 01:09 PM
    Hello Friends,

    I am practicing CMA Exam support package 2020 and found a confusing unrelated answer in section E.

    Question:

    6. CSO: 1E1c LOS: 1E1q
    The U.S. Public Company Accounting Oversight Board (PCAOB) seeks to protect investors by requiring public companies to
    a. integrate an internal control audit with the financial statement audit.
    b. disclose the identity of owners with more than 5% ownership interest.
    c. disclose executive compensation and bonuses.
    d. have an independent audit committee within the board of directors


    Answer:

    Correct answer b. Direct deposit of pay in lieu of distribution of physical paychecks is an example of an effective safeguarding control that limits access to the organization's assets to authorized personnel

    I think answer should be A.

    I download the latest package from the IMA website. Does anyone have a different answer or i am practicing the wrong package?

    Thanks

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    Siraj Paneru
    Accountant
    Revere MA
    United States
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  • 2.  RE: CMA Exam Support Package 2020

    Posted 04-24-2021 06:43 PM
    Good day,
    How do I get access to the Wiley review bank that we got the scholarship for?

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    Cheval Smith
    Student
    Bronx NY
    United States
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    Original Message